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EURGBP remains in a technical downtrend, because of lower lows and lower swing highs, but structure looks to be in three waves. (full story)

EURUSD Outlook: Looking for a Further Rebound (full story)

WTI Crude (CL) is trying to firm going into today's European morning, with a rising likelihood of short covering ahead of (and in the day following) the weekly inventory figures at 1030am EST. Significantly, CL is stabilizing following a roughly 3 month rout to near the 2001 low (just... (full story)

EURUSD is correcting cycle from March 9 peak as a zigzag and could see further upside. This video looks at the Elliott Wave path. (full story)

Weather always plays a role in the spring planting decisions of Mississippi row crop producers, but the market impact of the ongoing COVID-19 pandemic is another variable they will have […] (full story)

The meat market has a lot to consider at present. Currently the live board sits at the 14,21 day MA approx 102. This could potentially be setting up a sideways trade waiting for friendly news. In addition, the futures remain a discount to cash.Expect a choppy trade. The hogs have fallen... (full story)

The problem for corn at present is the acreage at 96.99 mil acres. This is approx 2.5 million acres larger than the estimates. This is a figure, that if realized, is large given the global supply, Covid and the ethanol slow down. This market will continue to prove difficult. (full story)

The bean oil market has moved to a much lower relative price than the meal market. The soymeal has been supported by the ddg market slow down due to bio fuel. In addition, concerns over Argentina not crushing to meet export needs. These are concerns and need to be watched. (full story)

New Crop looks bad.  We estimate we lose another 150mm in demand from low energy prices in the 2020-21 marketing year.  With 97 million acres and a trend line yield we see ending stocks blowing out to 3.4 billion.  This puts cash prices and harvest lows under $3. (full story)

The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling weakness.... (full story)

Wisconsin’s Farm Technology Days will have a new general manager, but not right away.  General Manager Matt Glewen tells Brownfield, “They brought a new one on in plenty of time to really learn the ropes before I depart, which won’t... (full story)

The manager of Wisconsin’s Farm Technology Days says he’s watching how the coronavirus situation closely in case the show has to be called off. Matt Glewen says, “We’re probably going to have to make a decision by early May if the show... (full story)

Cotton is tied closely to global economic activity as, in general, clothing and other apparel purchases are not a necessity and can be delayed, unlike food. (full story)

Ideas to Navigate the Futures Market, Crude Oil Chart & Trading Levels 4.01.2020 (full story)

Corn stocks in all positions on March 1, 2020 totaled 7.95 billion bushels, down 8 percent from March 1, 2019. Of the total stocks, 4.45 billion bushels were stored on […] (full story)

Rough rice stocks in all positions on March 1, 2020, totaled 86.1 million hundredweight (cwt), down 17 percent from the total on March 1, 2019. Stocks held on farms totaled […] (full story)

Corn planted area for all purposes in 2020 is estimated at 97.0 million acres, up 8 percent or 7.29 million acres from last year. Compared with last year, planted acreage […] (full story)

CORN HIGHLIGHTS: Corn futures finished with small loses as May finished at 340-3/4 down 1/2 cent and December new crop down 2-1/4 at 357-1/2. Today was an interesting day as the much-anticipated quarterly Stocks and Acreage report had some surprises.... (full story)

GENERAL Weather conditions across the area have remained wet over the last two weeks, creating a favorable environment for stripe rust, powdery mildew, and other fungal diseases like tan spot […] (full story)

Depressed cotton prices and a short water supply have weighed heavily on predicted cotton acreage in California this year as we start the 2020 planting season. As a result, California […] (full story)

Soybean futures rallied back from the post report midday lows, and finished in the green. The front months were 2 3/4 to 3 3/4 cents. Soybean meal futures ended $4.00/ton lower in May contracts. May bean oil futures closed 14 points higher. The Plant... (full story)

Wheat trading reversed this afternoon and ended mostly higher. KC HRW wheat was the leader of the day with the front months closing 6 1/4 to 7 1/4 cents higher. CBOT wheat was lower in May but 4 1/4 and 6 1/4 cents higher in the other nearbys. Spring... (full story)

Corn futures rallied back from the post report meltdown and flirted with break-even for the day, but ultimately ended the Tuesday session with 1/2 to 2 1/4 cent losses. USDA says corn producers intended to plant 96.99 MA for the 2020/21 crop year as ... (full story)

After trading with midday losses, cattle futures rallied back to limit and near limit gains. Feeder cattle futures ended the day $1.87 to $2.00 higher. The March 30 CME Feeder Cattle Index was $131.10, down by $1.47. Another large auction is set to t... (full story)

Cotton futures were higher by 14 to 43 points in the front months, Dec contracts did close down by 3 points. This came after front months having been mostly lower following the report. Cotton growers intend to plant 13.7 MA of 2020/21 cotton accordin... (full story)

Corn futures rallied back from the post report meltdown and flirted with break-even for the day, but ultimately ended the Tuesday session with 1/2 to 2 1/4 cent losses. USDA says corn producers intended to plant 96.99 MA for the 2020/21 crop year as ... (full story)

Lean hog futures were mixed in the deferred contracts as June was up 55 cents and May was down by 15. April hogs on the other hand were decisively $1.75 lower. The CME Lean Hog Index for March 27th was $65.56, down 90 cents. That is still a substanti... (full story)

Will US Soybeans See A Shift To Better Exports (full story)

Ag economists expect the wild ride in the hog markets to continue for at least the next several weeks and even possibly months. Ag economist Jim Mintert, director of Purdue’s Center for Commercial Agriculture, says demand uncertainty is going to... (full story)

Ethanol groups are not happy with the EPA’s final regulations for fuel economy standards. Although a rollback of the Obama administration’s standards, Geoff Cooper with the Renewable Fuels Association says they saw a glimmer of hope for higher octane... (full story)

Many market analysts think USDA’s corn planting estimate of 97 million acres is too high.  Arlan Suderman with INTL FCStone agrees, but he says a lot of it depends on weather over the next 30 days. “If it turns out dry in the month of April,... (full story)

At the Chicago Mercantile Exchange, live cattle ended the day sharply higher on an oversold bounce ahead of widespread direct business.  Feeder cattle were sharply higher on the same factors.  April live cattle closed $2.62 higher at... (full story)

Soybeans were modestly higher on short covering and technical buying. The USDA is projecting a 10% increase in planted area after the historically slow pace in 2019, but that will depend on the weather. Some key U.S. growing areas are already wet and... (full story)

The Barchart Chart of the Day belongs to the medical products company Quidel (QDEL). I found the stock by using Barchart's powerful screening tools to find a list of stock with the highest Weighted Alpha and highest technical buy signals - by th... (full story)

Iowa Senator Chuck Grassley wants the USDA and Department of Justice to investigate recent volatility in the cattle markets, to see if beef packers have “illegally manipulated” the markets during the COVID-19 pandemic. “It’s very shameful if the... (full story)

Bloomberg writers Isis Almeida, Fabiana Batista, and Michael Hirtzer reported on Friday that, “The coronavirus and cheap oil are hitting the fuel business so hard that ethanol plants are shutting down. Some may never […] (full story)

A JBS beef processing plant is southeastern Pennsylvania is apparently the first U.S. meat plant to alter its production due to COVID-19 concerns. JBS announced that it is temporarily reducing production at its Souderton, Pennsylvania plant after... (full story)

It’s one bearish blow after another for the corn market. Paragon Investments risk manager Jamey Kohake says Tuesday’s USDA forecast of 97 million corn acres is even bigger than the high side of most analyst expectations. “But the key still... (full story)

The agave plant used to make tequila could be established in semi-arid Australia as an environmentally friendly solution to Australia’s transport fuel shortage, a team of researchers at the University […] (full story)

Southern Ohio Farmer Greg Corcoran says most of their ag inputs for the growing season have been delivered, but they’re taking extra precautions because of the coronavirus pandemic.   “There have been extra steps at the grain elevators that they’ve... (full story)

April Class III milk futures on the Chicago Mercantile Exchange settled 37 cents lower at $14.49.  May down 41 to $12.74.  June through August contracts 20 to 33 cents lower. Dry whey steady at $0.33 Blocks down $0.1075 at $1.33. ... (full story)

Pivot Bio has announced an FFA video contest to help members stay engaged with their agricultural education during the coronavirus pandemic. Tracy Willits is vice president of communications for Pivot Bio. “Now more than ever as we all sit at home... (full story)

The Texas A&M AgriLife Extension Service will be holding an online early season cotton conference on April 8 from 8:30 a.m. to noon on the web conferencing platform Zoom. The cost […] (full story)

May corn closed at $3.40 and 3/4, down 1/2 cent May soybeans closed at $8.86, up 3 and 3/4 cents May soybean meal closed at $321.50, down $4.00 May soybean oil closed at 27.01, up 14 points May wheat closed at $5.68 and 3/4, down 3/4 cent Apr. live... (full story)

The following prices are effective from Wednesday 04/01/20 at 12:01 am Eastern Time until midnight Tuesday 04/07/20. The next announcement is scheduled for Tuesday 04/07/20 at 3:00 pm Eastern Time. […] (full story)

March was warm and wet across Wisconsin. The USDA says all five major weather stations reported at least 50% higher than normal precipitation, and month temperatures were also above average. Most of the snow cover is gone, but it’s too... (full story)

Surplus soil moisture levels declined in Tennessee, but the state saw another wet month in March. The USDA says parts of the state have reported more than 30 inches of rainfall since the start of the year, leaving soils saturated, impacting crops... (full story)

The USDA’s says the winter wheat condition rating in South Dakota improved from February to March. 85% of the crop is in good to excellent condition, 12% above last month, with another 15% called fair, down 10%, and none of the state’s... (full story)

Ohio saw a big month to month jump in soil moisture levels. The USDA says 72% of topsoil and 64% of subsoil have surplus levels of moisture, both up more than 30% from February, with average precipitation nearly two and a half inches above normal,... (full story)

The USDA’s winter wheat condition rating in Nebraska showed a significant improvement from February to March. The department says 79% of the crop is called good to excellent, an increase of 10% on the month, while soil moisture levels held at... (full story)

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